$ALGO

🪙 Analysis and monitoring of currency $ALGO (Algorand) – Buying opportunity, take advantage of the drop and enter from the bottom ⚡️

🔹 Current purchase price: 0.106
🎯 Targets:
🎯 First target: 0.118
🎯 Second target: 0.135
🎯 Third target: 0.155
🛑 Stop loss: 0.098

📌 Let's talk a bit about the currency:

Algorand is a strong and not very old blockchain project, known for its high speed and low transaction costs, and is widely used in DeFi applications and government and financial projects. Its basic idea is to combine speed and security without complexity.

📊 Key technical indicators:
• RSI indicator is close to calm areas and gives room for an upward movement.
• MACD indicator is trying to change direction positively.
• Trading volume is stable and indicates a consolidation phase.
• The general short-term trend is leaning towards stability with attempts at rebounds.

💡 Tip:

Entry should be done in stages, do not rush, and always prioritize capital management.

⚠️ Warning:

The crypto market is volatile, and any breach of the stop loss must be dealt with without hesitation
#Algo